Exness set another record in terms of trading volume on a retail brokerage platform in January. The broker ended the month with a total trading volume of $2.82 trillion, according to the officially published figures.
Exness Sees Record Monthly Volume
The monthly figure broke the previous trading volume record of $2.81 trillion, which the broker set last August. In addition, January’s trading volume came in at about 12 percent higher than the reported figure for December. Year-over-year, the monthly trading volume increase is more substantial at almost 87 percent.
Exness became the first retail forex and contracts for differences (CFDs) broker outside of Japan to cross the $2 trillion mark of the monthly trading volume last year in March. Since then, the monthly volume on the broker did not drop below that level, despite monthly ups and downs. Moreover, it made January the eleventh consecutive month above $2 trillion in trading volume.
The market dominance of the broker was pushed by its geographical expansion drive over the years. Apart from its strong European presence, where it operates with a license in Cyprus, the broker became a prominent brand in the Asian FX and CFDs markets. Now, Exness is penetrating the African markets and has already received two licenses, one in South Africa and another in Kenya.
Record Active Clients
Additionally, the record monthly volume was backed by a peaked number of active traders on the platform. A total of 414,502 Exness clients either traded or maintained balanced operations in January, an uptick of more than 10.5 percent from the previous month’s 374,978.
Also, the latest active clients figure surpassed the previous monthly record last November.
Meanwhile, Exness continues to onboard industry experts to strengthen its leadership. Over the last few months, the brokerage onboarded Mohammad Amer as the Regional Commercial Director for MENA, Daniel Gordon as the Corporate Services Director, Katina Messinis as the Premier Account Management Head, and Alfonso Cardalda as the Chief Marketing Officer.
